Property and Equipment

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and Equipment

Property and equipment consisted of the following at December 31:

(in thousands)	Estimated Useful Life			2024		2023
Computer Software and Hardware	1	to	5 years	$	78,770	$	85,054
Leasehold Improvements	Up to term of lease			41,764		41,945
Transportation Equipment	3	to	12 years	17,851		17,851
Office Furniture and Equipment	4	to	15 years	5,283		5,713
Total Cost				143,668		150,563
Accumulated Depreciation				(118,103)		(119,852)
Property and Equipment, net				$	25,565	$	30,711

Depreciation expense was $9.1 million, $13.0 million and $15.1 million for the years ended December 31, 2024, 2023 and 2022, respectively, and was recorded in Operating Expenses – Office and Occupancy on the Consolidated Statements of Income.